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Author Question: When a client fails to follow GAAP, the audit report can be unmodified, qualified, or adverse ... (Read 26 times)

lrhoads

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When a client fails to follow GAAP, the audit report can be unmodified, qualified, or adverse depending on the materiality. What factors affect materiality that an auditor should consider?
◦ the dollar amount in comparison to a base
◦ if the misstatement can be measured
◦ the nature of the item
◦ All of these are factors an auditor should consider regarding materiality.


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Marked as best answer by lrhoads on Aug 21, 2022

iamkarenvv

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lrhoads

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)


nanny

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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